---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-110566"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:38:57.255247+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TerrAscend closes final $26M tranche of $140M loan, repays higher-interest Michigan debt

## Summary
- Completed second draw of $26M on Sept 30, 2024, bringing total loan to $140M.
- Loan carries 12.75% interest, matures Aug 2028, no prepayment penalties, no warrants.
- Proceeds used to repay and terminate the higher-interest Chicago Atlantic Term Loan in Michigan.
- Loan syndicate led by FocusGrowth Asset Management; secured by entities in PA, CA, MI, and MD.
- Ventum Capital Markets acted as exclusive financial advisor for the transaction.

## SEC filing metadata
- accession: 0000950170-24-110566
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017024110566/0000950170-24-110566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017024110566/tsndf-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-110566
- JSON: https://secwatch.observer/filing/0000950170-24-110566.json
- Plain text: https://secwatch.observer/filing/0000950170-24-110566.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.